Practice Management

The Internal Revenue Service and the Treasury Department have decided to delay for a year the proposed effective date for basis reporting by brokers for debt instruments and options.

The upcoming expiration of the Bush-era tax rates at the end of the year is already starting to produce its share of anxiety along with outsize forecasts of financial disruption.

Private equity firm managers anticipate a greater number of acquisition deals for the rest of this year, in a dramatic turnaround from their sentiments last November.

The finance and accounting outsourcing market is expected to rebound this year, with 10 to 15 percent growth, following a slowdown last year.

A roundup of recent tax news.

Federal and state tax amnesty programs bring in revenue, but at a price

Columnists Jones and Luscombe on 2012 tax planning

A California man appeared in a federal court Monday morning to answer charges that he promoted a fraudulent tax return filing scheme that also involved fraudulent vehicle registration titles.

The Internal Revenue Service, along with the Labor Department and the Department of Health and Human Services, are looking into the use of stop-loss insurance, particularly by companies that self-insure their health insurance plans.

The Internal Revenue Service said Monday it is accepting applications for the Tax Counseling for the Elderly and Volunteer Income Tax Assistance grant programs, which will allow some organizations to apply for annual funding for up to three years.